BTC/USD – Mid-Term Retrace 4200-4400

Possible scenario until mid-November.
BTC/USD rising wedge pattern, traditionally breaks to the downside.
If 5450 (23.6% fib) is broken to the downside, support at 4200-4400 (61.8% fib).
Previous pullbacks have typically retraced to the 61.8% fib.

Yorum:

Possible H&S forming at the top of this wedge:

Volume is really low. Hard to imagine going any higher than previous ATH at the moment. I think the top was in for now.

İşlem elle kapatılmış:

This call was made too early. No full correction until the B2X hardfork.